AUCT-002184 | On Auction

Cluster Of Mixed Use Commercial Properties

80-92 & 41 Old Main Road, Bothas Hill, eThekwini Metropolitan Municipality, KwaZulu-Natal

Cluster Of Mixed Use Commercial Properties. 80-92 & 41 Old Main Road, Bothas Hill

Combined Site Extent: ± 30 000 m² | Current Gross Lettable Area: ± 5 130 m² | Ideal Retail, Service Station, Fast Food Outlet or Mixed Use Development Potential | Bulk: ± 5 000 m² | Property will be sold with the business | Properties offered individually or as a combined lot

Key Features

This portfolio of properties provides an integrated hub, with a SPAR retail outlet, Hardware Shop, Expansive yard areas, Offices and workshops all of which are positioned next to each other.

Bothas Hill is a quaint and picturesque locality nestled in the rolling hills of Kwa Zulu Natal offering the perfect blend of rural tranquillity, upmarket residences and modern amenities. The properties located on either side of Old Main Road are greeted by panoramic vistas that unfold in every direction. Old Main Road is regarded as the journey through the soul of Bothas Hill.

Property Description
The property presents the magic of possibilities. It offers the integration of various land uses such as commercial, retail, and recreational within a single area. It allows for the adaptive reuse of existing buildings and spaces, as well as the incorporation of innovative design concepts and technologies that respond to changing needs and preferences over time.

SPAR Retail Building
This property has become a vibrant hub of activities, offering the opportunity to transform this premises into something extraordinary. Being a trusted destination and with the option to purchase stock shelves, this property can be advantageous to any other retailer tapping into the existing consumer traffic and enjoying the equipped infrastructure (shelving, storage areas and refrigeration units etc). The property will be sold with the business allowing other retail brands to establish themselves within a thriving community.

Hardware Property and Adjacent Land
The Hardware property itself is a valuable asset and the adjacent land offers opportunities for expansion, diversification or complementary development. The adjacent land to the hardware store offers vast and impressive possibilities for diversification.

Other Buildings and Structures
With vision and creativity, the old buildings and various structures on the portfolio can be transformed into vibrant hubs of commercial and mixed uses. Due to the portfolio of properties having a mix of different zoning designations, the properties next to and behind the SPAR and Hardware buildings have a unique opportunity for diverse and innovative development projects.

Double Storey Building Across the Road
A portion of the portfolio of properties is positioned across the road and are bound by a shared sense of potential. The double storey building can offer complimentary services to those properties across the road providing convenience to the community. The re-development of this property or the property as is creates a dynamic and interconnected ecosystem that cab be beneficial to all.

The location, size, layout, zoning regulations and market demand paves the way for other entities and businesses considering taking over the SPAR premises. Other provincial or national retailers, independent retailers, restaurants & cafes, service providers or even community centres could find the SPAR building’s layout conducive to their needs. The overall gross annual income generated from the property is approximately R2.8m. Individual lease terms and rentals are still to be obtained from the sellers.

This portfolio of properties beckons visionaries and investors alike to embark on a journey of transformation and innovation. Picture vibrant commercial districts, bustling with activity and commerce, the potential for growth on this portfolio of properties is as boundless as the Bothas Hill horizon itself.

Commercial Type:
Mixed use Commercial
Web Reference:
List price:
80-92 & 41 Old Main Road, Bothas Hill, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
25 April 2024 11:00 am

Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in

Auction Date: 25 April 2024 11:00:00am

Virend Deonarain
                                                         In2assets Representative

Property Agent

Virend Deonarain
Show number

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